Cubist Systematic Strategies LLC Has $488,000 Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Cubist Systematic Strategies LLC cut its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 88.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,161 shares of the company’s stock after selling 56,716 shares during the period. Cubist Systematic Strategies LLC’s holdings in Adtalem Global Education were worth $488,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Covestor Ltd boosted its holdings in shares of Adtalem Global Education by 7,430.0% in the 1st quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after buying an additional 743 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Adtalem Global Education in the first quarter valued at $53,000. GAMMA Investing LLC grew its position in shares of Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after acquiring an additional 433 shares during the period. Headlands Technologies LLC acquired a new position in shares of Adtalem Global Education during the 1st quarter worth about $56,000. Finally, Gladius Capital Management LP bought a new stake in shares of Adtalem Global Education in the 2nd quarter valued at about $142,000. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ATGE shares. BMO Capital Markets lifted their price target on Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Barrington Research reiterated an “outperform” rating and set a $90.00 target price on shares of Adtalem Global Education in a research note on Thursday, August 29th. Finally, StockNews.com upgraded Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

Adtalem Global Education Trading Up 1.6 %

Shares of NYSE:ATGE opened at $73.10 on Friday. The stock has a market cap of $2.75 billion, a PE ratio of 27.48, a P/E/G ratio of 0.90 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. Adtalem Global Education Inc. has a 12-month low of $41.89 and a 12-month high of $80.18. The business has a 50 day moving average of $74.06 and a 200-day moving average of $65.40.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The firm had revenue of $409.91 million for the quarter, compared to analyst estimates of $398.64 million. During the same period in the prior year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities research analysts forecast that Adtalem Global Education Inc. will post 5.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the transaction, the chief accounting officer now directly owns 4,720 shares of the company’s stock, valued at approximately $355,888. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Adtalem Global Education news, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the sale, the director now directly owns 105,085 shares in the company, valued at $7,944,426. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the transaction, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at $355,888. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,440 shares of company stock worth $10,889,450 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

About Adtalem Global Education

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.